#Report
Proposal Trustee's Certificate - The Fuller Landau Group Inc. - 06-AUG-2024 — Court officer certificate
Northwood Carpet & Tile Company Ltd.
FollowActive
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- BK-24-03074974-0032
OverviewSummary updated
Northwood Carpet & Tile Company Ltd. filed a notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act on 30 April 2024, in the Ontario Superior Court of Justice (Commercial List), with The Fuller Landau Group Inc. as proposal trustee (court file 32-3074974). As at 30 April 2024, the company reported total assets of $9,249,998 against total liabilities of $7,476,263. Waygar Capital Inc. is the principal secured lender, owed $2,900,000. A group of plaintiffs led by Riverside Humber Corp. holds a secured judgment of $1,054,810.34, obtained on 11 April 2024, whose garnishment served on RBC precipitated the filing. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates13 dated entries · 1 undated
10 earlier updates, back to 30 April 2024 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Parties
Debtor
Northwood Carpet & Tile Company Ltd.
Proposal trustee
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2024 | 220 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, May 2024 | 182 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, May 2024 | 285 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeFuller Landau | Dentons Canada LLP | — | Service list |
| CreditorNorth Wood Carpet & Tile Company Ltd | Dla Piper LLP | — | Service list |
| CreditorRiverside Humber Corp | Blaney McMurtry LLP | — | Service list |
| CreditorWaygar Capital Inc | Aird & Berlis LLP | — | Service list |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Waygar Capital Inc. · in 2 casesGeneral security agreement (blanket, all-property PPSA registration - inventory, equipment, accounts, other, motor vehicle) — Principal secured lender; amount excludes costs, expenses and further accrued interest, per First Report — debtor: North Wood Carpet & Tile Company Ltd. · as of 22 May 2024 | $2.9M | First Report - Proposal Trustee - The Fuller Landau Group Inc. - 22-MAY-2024 |
6 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings
2 transactions · 1 proposed · 1 closed — SISP approved with exclusivity period for Floor Solutions; extension sought pending closing of Share TransactionsSecond Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Floor Solutions North Wood (2024) Inc.some of all of the Property or an investment in the Company · assets and shares | not stated | Proposed | First Report - Proposal Trustee - The Fuller… |
| unnamedthe Share Transactions | not stated | Closeddate not stated | Proposal Trustee's Certificate - The Fuller… |
RecoveriesAs stated in the filings
Secured creditors: paid in full. Waygar paid in full.EstimatedSecond Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | North Wood's remaining indebtedness | — | paid in fullconditional | Estimatedper the proposal trustee | Second Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024 |
| Secured | Waygar | — | paid in fullconditional | per the proposal trustee | Second Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Fees and ratesAs stated in the filings
3 engagements · 1 firm — latest: Dentons Canada LLP, to 4 Jul 2024Second Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Dentons Canada LLPCounselperiod 3 of 3 | to 4 Jul 2024 | — | — | —3 people | Second Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024 |
| Dentons Canada LLPCounselperiod 2 of 3 | 13 May – 30 Jun 2024 | — | — | —4 people | Second Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024 |
| Dentons Canada LLPCounselperiod 1 of 3 | to 7 Jun 2024 | — | — | —4 people | Second Report - Proposal Trustee - The Fuller Landau Group Inc. -… · 8 Jul 2024 |
53 stated figures across 3 engagements, each sourcedSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Professional fees to date
$42.9K
As at 8 Jul 2024Second Report - Proposal Trustee - The Fuller Landau Group Inc. - 08-JUL-2024
Documents
14 filings
| Date | Document | File |
|---|---|---|
Proposal Trustee's Certificate - The Fuller Landau Group Inc. - 06-AUG-2024
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Motion Record - Returnable July 12, 2024
| PDF · Subscribers | |
Order
| PDF · Subscribers | |
Second Report - Proposal Trustee - The Fuller Landau Group Inc. - 08-JUL-2024
| PDF · Subscribers | |
Motion Record (Returnable May 27, 2024)
| PDF · Subscribers | |
NORTH WOOD CARPET TILE COMPANY LTD. et al BK-24-03074974-0032 May 27 2024.Endorsement
| PDF · Subscribers | |
NORTH WOOD CARPET TILE COMPANY LTD. et al BK-24-03074974-0032 May 27 2024.Order
| PDF · Subscribers | |
First Report - Proposal Trustee - The Fuller Landau Group Inc. - 22-MAY-2024
| PDF · Subscribers | |
North Wood - NOI Creditor Package
| PDF · Subscribers | |
0002 Order 2024-05-03 - Original
| PDF · Subscribers | |
ENDORSEMENT - NORTH WOOD CARPET TILE COMPANY LTD - BK-24-03074974-0031 - MAY 3 2024
| PDF · Subscribers | |
Certificate for the Notice of Intention - 32-3074974 (005)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Northwood Carpet & Tile Company Ltd.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/northwood-carpet-tile-company-ltd